GDP Down For Third Straight Quarter
The U.S. economy shrunk more than expected, according to the Commerce Department. The U.S. saw economic contraction for the third straight quarter, a run not seen since 1974-1975. Analysts had...
View ArticleStocks Set to Pullback
Stocks had another great week, but as the market moved higher volume has started to thin. This action is usually a sign that the rally is running out of gas. The Nasdaq, which had been leading the...
View ArticleObama Says Economy Getting Better
Stocks took a significant hit yesterday, as news of the likely GM bankruptcy made its way through the investing public. The market started out with a slight rally before getting pelted late in the day....
View ArticleNaz Leads Rally
Stocks rallied hard as the Nasdaq moved further above its 200-day moving average on news that Cisco Systems would replace GM in the Dow Jones Industrial Average. This was a broad based rally that moved...
View ArticleSigns of a Recovery???
Stocks traded lower on the day, but the damage could’ve been much worse. Investors were concerned about the lack of interest in the U.S. Treasury auction. The government’s ability to sell Treasury’s is...
View ArticleFed Meeting Ends Today
Stocks traded flat with a downward bias, while the Fed concludes its 2-day meeting today. Wall Street will be looking for any signal from the Fed with regards to the fate of interest rates. Obviously,...
View ArticleStocks Poised to Drop Again
A dismal jobs report on Thursday sent the market plunging before the 4th of July holiday weekend. The U.S. lost 467,000 jobs in June. That was more than expected and took the overall unemployment rate...
View ArticleISM Services Better Than Expected But Still Not Good
Yesterday’s feeble attempt at a rally was simply an oversold bounce. I think the path of least resistance is to the downside. What’s more, this week is the start of earnings season, which could...
View ArticleIntel Beats, Market Rallys
Intel, the world’s largest computer chip company surprised everybody on Wall Street by significantly beating analyst’s estimates on both earnings and revenues. Investors are taking the Intel news as a...
View ArticleFed Comments Help Stocks
The market had one of the best days of the year on brisk trading. Earnings news is adding fuel to this market and this morning JP Morgan Chase is the accelerant. The company announced that strength in...
View ArticleQ2
We ended the First Quarter 2009 on a note of cautious optimism, sparked by a strong March rally that lifted the S&P 500 Index to an 8.76% return for the month. That optimism seemed justified as...
View ArticleBernanke Says: Economy Recovering
Stocks look to build on last week’s gains, on comments from Fed Chairman Ben Bernanke. Bernanke said on Friday that the economy is on the verge of recovery. Obviously, this has been a long painful...
View ArticleEconomy Coming Out of Worst Recession Since 1930s
A better than expected jobs report, has stock futures trading slightly higher on the open. Also helping matters, the continued weak dollar is pushing energy and mining stocks to the upside, which are...
View ArticleWall Street Remembers 9-11
Stock futures are mixed this morning, as Wall Street tries to digest a five day winning streak. On the 8th anniversary of the 9-11 terrorist attacks, the market will likely finish the week on a...
View ArticleJobless Recovery???
Stocks rallied big yesterday, as Wall Street is still buzzing about Fed Chairman Ben Bernanke’s comments. The Fed chief announced that this recession is “likely” over. Recent economic data has...
View ArticleDollar Hitting New Lows
The market ended the day mixed on moderate trade. Considering the major averages rallied two of the three previous days, I would chalk yesterday up as a victory. It’s been a while since the Dow Jones...
View ArticleDell Has a Rough Quarter
Stocks continued their slide yesterday, as the dollar is starting to show some strength. This recent move in the dollar is likely an oversold bounce. Most experts do not see a significant dollar rally,...
View ArticleDollar Rallys
For the week, stocks moved slightly higher despite the dollar showing some strength. Last week, we saw a paradigm change as the weak dollar trade subsided and was now trading in concert with stocks. It...
View ArticleTreasury to Hold on to Citi
Stocks took a big hit yesterday on a stronger dollar and Citigroup news. The demand for the Citigroup secondary offering was much less than the company thought. Citi was trying to get around $3.35 a...
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